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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (2692)8/24/2000 11:15:09 PM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
John,

That chart you presented is excellent..!

I can see all that you reference. The EURO folks should be very unhappy about the return towards old lows, but their goods are cheaper and that helps maintain balances. I don't yet understand the presence of the euro in measuring European economic strength and weakness. The transition IMO is still nascent and not completely believable. I suspect the participants feel the same way.

>>If we do see US stockmarket weakness, maybe it will be
due to some USDollar weakness which is also expressed by
euro and other currency strength<<

Therefore, I don't believe the Euro is a major factor yet in determining the stability or growth of Europe.., or any kind of measure up against the dollar. Germany will be a powerhouse again someday and the euro may well become a reflection of their strength and not say Italy or Portugal. But now as a group the EURO dollar is a long way off from being measured against the USdollar. So any weakness in the USdollar is of its own making.

Am I wrong..!

Chip